Company Performance Metrics
- Francisco Vargas: Head of Sustainability Innovation
BlueCycle is an innovative organisation dedicated to reducing marine pollution by recycling and upcycling fishing and marine plastic waste. Founded in 2019, it operates collection points across Greece and leverages advanced technologies like blockchain and its proprietary rML ((recycled Material Lifecycle) Tracking Tool to ensure comprehensive
traceability and data integrity in the recycling process. The rML tool monitors physical processes and KPIs, while blockchain provides an immutable ledger that ensures transparency and stakeholder trust. This integration enables detailed tracking of the material lifecycle, compliance with ISO 14040 standards, and efficient monitoring of KPIs like material utilization, energy efficiency, and production yield. BlueCycle’s solutions align with circular economy principles, supporting sustainable development goals and promoting responsible waste management through partnerships with local stakeholders, NGOs, and government bodies.